MineralTree

MARCH 16, 2023

There are several tools that teams can use to move away from these manual and expensive processes. For example, many businesses incorporate AP automation , e-invoicing, and other digital tools to quickly gain an edge over their competitors. What are Today’s Challenges in AP? Keep reading to learn more.

AP Automation 88

AP Automation accounts payable Technology Accounts Payable Automation 88

CPA Practice

DECEMBER 17, 2023

As a result, finance leaders find their departments squarely in the spotlight—keeping a closer eye on their balance sheets, taking fewer risks, and focusing more on efficiency and value over growth. Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable.

AP Automation 132

AP Automation Finance AP Processes Approval Workflows 132

MineralTree

SEPTEMBER 28, 2023

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. To keep pace with these changes, it’s imperative for financial functions to rethink their processes to boost productivity.

Finance 78

Finance AP Automation AP Processes Technology 78

Accounting Insight

MARCH 17, 2023

To help curb the effect of inflation and recession on the bottom line, the key is to challenge the internal costs, more specifically, the internal costs of the purchasing chain and processes. One of the critical areas where we can do this is in our Accounts Payable (AP) process.

AP Automation 52

AP Automation AP Processes accounts payable Accounts Payable Automation 52

MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. The process includes invoice receipt, verification, approval, and eventual payment.

accounts payable 80

accounts payable AP Processes AP Automation Technology 80

MineralTree

FEBRUARY 1, 2024

MineralTree recently surveyed more than 800 finance professionals and over 200 of their vendors for the State of AP Report. The focus was on assessing the current digital payments landscape and end-to-end AP automation to better understand key trends, challenges, and priorities for AP teams.

accounts payable 74

accounts payable AP Automation AP Processes accountant 74

CPA Practice

AUGUST 14, 2023

The lingering (although receding) risk of a recession, stubborn inflation trends, economic policy debates, and geopolitical instability all create challenges for businesses and their finance teams. This unpredictability requires businesses to ensure maximum efficiency in their finance operations.

Finance 98

Finance AP Automation Technology accounting and finance 98

MineralTree

OCTOBER 19, 2023

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. It’s no surprise that MineralTree’s State of AP Report identified the AP function as the No. The proof is in the pudding.

accounts payable 75

accounts payable AP Automation AP Processes Approval Workflows 75

MineralTree

NOVEMBER 30, 2023

Maintaining finance department efficiency is a constant challenge, especially for teams that rely on legacy technology and manual processes. The good news is that technological advancements have made it possible for finance departments to increase productivity and to do more with less. What are the Challenges in Finance?

Finance 91

Finance AP Automation Approval Workflows Technology 91

MineralTree

MAY 4, 2023

How to Respond to Vendor Inquiries with AP Automation & Payment Services Not having enough time is the bane of every AP team. Too many are still burdened by the labor- and time-intensive tasks of manual invoice and payment processing, and are paying a heavy price for it.

AP Automation 82

AP Automation AP Processes Start-ups accounting and finance 82

MineralTree

JUNE 1, 2023

Managing accounts payable can be a time-consuming and challenging task, especially for businesses with limited resources. Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency.

accounts payable 75

accounts payable quickbooks AP Automation AP Processes 75

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

AP Automation 69

AP Automation Construction Technology accounts payable 69

CPA Practice

MARCH 9, 2023

a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. AvidXchange Holdings, Inc., Corelation”), the latest core processor for today’s credit union.

AP Automation 52

AP Automation Technology AP Processes accounts payable 52

CPA Practice

MARCH 9, 2023

a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. AvidXchange Holdings, Inc., Corelation”), the latest core processor for today’s credit union.

AP Automation 52

AP Automation Technology AP Processes accounts payable 52

CPA Practice

DECEMBER 20, 2023

Quadient and Xero , a cloud-based accounting software, have formed a strategic partnership in North America and the United Kingdom. Xero integrates with Quadient’s Accounts Payable (AP) capabilities to fully automate and streamline accounting processes. Xero helps 3.95 Xero helps 3.95

Technology 111

Technology Accounts Payable Automation AP Automation accounts payable 111

PYMNTS

AUGUST 17, 2020

Accounting departments, for example, suddenly had employees accessing highly sensitive data remotely via home Wi-Fi, without the data security extant in office-based accounting as we’ve long known it. And operations still using manual accounts payable (AP) methods are really rethinking things. “A And it won’t.

AP Automation 61

AP Automation Technology AP Processes accounts payable 61

MineralTree

AUGUST 24, 2023

Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? The QuickBooks AP workflow includes tasks like invoice receipt, data entry, approval, and payment required to manage AP within the software. If so, you’re not alone.

accounts payable 70

accounts payable quickbooks AP Automation AP Processes 70

CPA Practice

OCTOBER 11, 2023

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. According to a new survey, many are turning to automation to achieve this goal. Almost half (45%) of firms looking to hire anticipate hiring challenges and delays.

Finance 59

Finance AP Automation AP Processes Approval Workflows 59

MineralTree

JANUARY 25, 2024

The past year in finance was riddled with economic uncertainty, accompanied by challenges like staffing constraints and the need to optimize efficiency with limited resources. For finance professionals, understanding this landscape is crucial. This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024.

accounts payable 69

accounts payable AP Automation AP Processes accountant 69

PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement. Those who work in finance or accounting roles can use the RegalPay technology directly from their workstations.

AP Automation 60

AP Automation Technology accounts payable NetSuite 60

MineralTree

MARCH 30, 2023

Accounting for franchises is a complex web of responsibilities. Teams have to manage multiple entities, all the while maintaining consistency and streamlining processes across each location. Accounts payable (AP) automation has become a popular tool for franchises to overcome these obstacles.

AP Automation 79

AP Automation accountant Account accounted 79

MineralTree

AUGUST 10, 2023

But a key component of cash flow balance — accounts payable — is often overlooked. Accounts payable (AP) is inherently tied to a business’ financial stability. Let’s review the role of accounts payable on cash flow and dive into best practices for optimizing cash flow.

accounts payable 76

accounts payable AP Automation accountant Account 76

MineralTree

MARCH 14, 2024

However, many companies still rely on manual processes to manage accounts payable—and these outdated practices are causing problems across their financial operations. A manual approach slows down the payment process and increases the risk of errors and fraud while jeopardizing relationships with strategic vendors. Did you know?

accounts payable 52

accounts payable AP Automation AP Processes accountant 52

CPA Practice

MARCH 27, 2023

While many of these disruptions will continue to present challenges for the foreseeable future, forward-thinking finance leaders can embrace technology and services that will not only help them overcome these issues, but also achieve more efficient and profitable operations. Many continue to recruit and even backfill for these roles.

AP Automation 114

AP Automation Technology accounts payable accounting and finance 114

Accounting Seed

MAY 22, 2024

Accounting plays a crucial role in the construction industry by ensuring efficient management of resources. Accurate accounting provides essential financial insights that drive informed decision-making and enhance profitability. By having the right accounting solution, you set your business up for success.

accounting software 59

accounting software Construction AP Automation accountant 59

PYMNTS

JUNE 24, 2020

The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore. Accessibility, Security and Transformation’.

AP Automation 95

AP Automation Technology accountant Account 95

PYMNTS

JULY 10, 2020

Money, therefore, remains tight, and SMBs need fast and precise insights into their finances and processes to help them make more informed spending decisions. These slow processes make it difficult for AP professionals to quickly pull up information on payment obligations, and they also present plenty of opportunities for human error.

AP Automation 55

AP Automation Technology AP Processes accounting and finance 55

Accounting Insight

JANUARY 2, 2024

Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, and Xero , a cloud-based accounting software for small to medium-sized enterprises, have today announced a strategic partnership in North America and the United Kingdom. Xero helps 3.95 Xero helps 3.95

Technology 59

Technology accounts payable Accounts Payable Automation AP Automation 59

PYMNTS

MAY 13, 2020

Accounts payable (AP) tools that provide quick, detailed oversights of businesses’ financial statuses and payments obligations can help pick up the pace of payments by keeping invoice approval processes on track. Around The AP Automation World. Three-Way Invoice Matching Brews Up Better AP Processes.

AP Automation 79

AP Automation AP Processes Technology accounts payable 79

MineralTree

DECEMBER 7, 2023

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. In addition to meeting supplier expectations, choosing the right payment method can significantly improve the finance department’s efficiency and productivity. The cost of ACH payments typically ranges between $0.26

AP Automation 79

AP Automation accounts payable AP Processes accounting and finance 79

PYMNTS

APRIL 9, 2020

To help additional middle-market companies automate their accounts payable (AP) processes, MineralTree announced that it has grown its integration abilities, according to a press release. They also let finance departments work from any place where an internet connection is available. “By

AP Automation 76

AP Automation AP Processes Technology accounts payable 76

PYMNTS

NOVEMBER 15, 2018

A new report from Software-as-a-Service (SaaS) firm Inspyrus suggested that chief executive officers and accounts payable (AP) professionals aren’t seeing eye to eye on AP technology, and organizations are failing to upgrade their AP processes and tools as a result.

accounts payable 63

accounts payable AP Automation AP Processes Technology 63

PYMNTS

NOVEMBER 16, 2018

By its very nature, accounts payable (AP) is a cost center: It’s where money leaves the enterprise, after all. However, as with so many back-office enterprise functions, AP is now shifting its reputation as one that can add value to businesses. “It’s about having a strong business case internally.”

AP Automation 63

AP Automation Technology accounts payable AP Processes 63

PYMNTS

NOVEMBER 13, 2019

In the drive to manage accounts payable (AP) more efficiently, buyers can not only optimize their own working capital, they can help suppliers, too. That, of course, means moving beyond the paper-based invoice processes and the paper check — something that roughly 81 percent of companies still use to pay suppliers.

AP Automation 46

AP Automation Technology accounts payable Accounts Payable Automation 46

MineralTree

DECEMBER 22, 2022

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. Digital transformation in AP delivers numerous benefits for businesses, including the following: 1.

accounts payable 52

accounts payable AP Automation accountant Account 52

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. What is a check run in accounts payable?

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

MineralTree

NOVEMBER 9, 2023

This is especially important for accounts payable (AP) teams, where timely and accurate data flow is essential. ERP integration is the process of connecting various software systems like CRM systems, data analytics, and AI tools to the ERP, which serves as a centralized hub for storing data and streamlining processes.

AP Processes 72

AP Processes AP Automation Approval Workflows NetSuite 72